2 Bed House, Single Let, Basingstoke, RG24 9TW, £180,000

Tenzing Gardens, Basingstoke, Hampshire, RG24 9TW - 1 views - 3 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£215K - £401.5K
Sold Prices/m²£2.9K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,088

Running Costs/mo

£800

Cashflow/mo

£288

Cashflow/yr

£3,455

ROI

7%

Gross Yield

7%

Local Sold Prices

43 sold prices from £215K to £401.5K, average is £265K. £2.9K/m² to £5.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£225K06/210.17 mi36, Bermuda Close, Basingstoke, Hampshire RG24 9PE2
£255K01/230.26 mi145, Falkland Road, Basingstoke, Hampshire RG24 9PL2
£225K05/230.27 mi103, Falkland Road, Basingstoke, Hampshire RG24 9PJ2
£290K07/210.27 mi27, Speckled Wood Road, Basingstoke, Hampshire RG24 9SR2
£230K02/210.3 mi60, Ilsley Road, Basingstoke, Hampshire RG24 9RU2
£247.5K02/210.33 mi63, Englefield Way, Basingstoke, Hampshire RG24 9SF2
£401.5K09/210.34 mi4, Barrington Drive, Basingstoke, Hampshire RG24 9RS2
£260K08/210.35 mi6, Englefield Way, Basingstoke, Hampshire RG24 9FJ2
£241K02/210.38 mi26, Charlbury Lane, Basingstoke, Hampshire RG24 9GF2
£295K07/230.41 mi1, Cherry Tree Walk, Basingstoke, Hampshire RG21 5RJ2
£242.5K11/200.43 mi12, Hathaway Gardens, Basingstoke, Hampshire RG24 9BF2
£234.6K03/210.43 mi27, Hathaway Gardens, Basingstoke, Hampshire RG24 9BF2
£255K04/210.56 mi21, Walnut Way, Basingstoke, Hampshire RG21 5QF2
£260K05/210.65 mi8, Nash Close, Basingstoke, Hampshire RG21 5NH2
£270K06/230.7 mi3, Bennet Close, Basingstoke, Hampshire RG21 5JR2
£263K04/210.75 mi7, Marshall Gardens, Basingstoke, Hampshire RG21 5GY2
£265K03/210.76 mi13, Gower Close, Basingstoke, Hampshire RG21 5GX2
£320K03/230.77 mi14, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£250K08/210.77 mi74, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£276K06/210.77 mi26, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£265K11/200.77 mi15, Great Oaks Chase, Chineham, Basingstoke, Hampshire RG24 8WW2
£290K02/230.78 mi19, St Thomas Close, Basingstoke, Hampshire RG21 5NW2
£285K11/200.78 mi4, St Thomas Close, Basingstoke, Hampshire RG21 5NW2
£260K12/220.78 mi13, St Thomas Close, Basingstoke, Hampshire RG21 5NW2
£275K02/230.78 mi6, Arlott Drive, Basingstoke, Hampshire RG21 5GU2
£245K10/200.79 mi2, Gordon Close, Basingstoke, Hampshire RG21 5PH2
£225K05/210.8 mi8, Little Copse Chase, Chineham, Basingstoke, Hampshire RG24 8GL2
£265K03/210.8 mi4, Little Copse Chase, Chineham, Basingstoke, Hampshire RG24 8GL2
£265K04/210.85 mi33, Trinity Way, Basingstoke, Hampshire RG24 9AD2
£370K04/230.85 mi22, Deanes Close, Basingstoke, Hampshire RG21 5HS2
£280K06/210.87 mi33, Long Acre Rise, Chineham, Basingstoke, Hampshire RG24 8BD2
£295K06/210.87 mi21, Norn Hill, Basingstoke, Hampshire RG21 4HD2
£248K05/210.89 mi39, Doswell Way, Basingstoke, Hampshire RG21 5HH2
£215K08/230.89 mi10, Fencott Place, Basingstoke, Hampshire RG21 5PT2
£280K05/230.9 mi24, Coronation Road, Basingstoke, Hampshire RG21 4HA2
£275K04/230.91 mi46, Long Copse Chase, Chineham, Basingstoke, Hampshire RG24 8WL2
£305K08/230.91 mi57, Coronation Road, Basingstoke, Hampshire RG21 4EZ2
£285K12/220.93 mi29, Long Copse Chase, Chineham, Basingstoke, Hampshire RG24 8WL2
£292K03/230.97 mi11, Phoenix Park Terrace, Basingstoke, Hampshire RG21 5NQ2
£248.5K04/210.97 mi5, Phoenix Park Terrace, Basingstoke, Hampshire RG21 5NQ2
£264K07/230.97 mi8, Phoenix Park Terrace, Basingstoke, Hampshire RG21 5NQ2
£310K12/200.98 mi10, Hillary Road, Basingstoke, Hampshire RG21 5TN2
£273K03/210.98 mi33, Simons Close, Chineham, Basingstoke, Hampshire RG24 8ZF2

Local Rents

15 rents from £950/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.12 miMallory Road2
£1,20011/240.15 mi-2
£1,20003/250.16 mi-2
£95002/250.16 mi-2
£1,25007/240.31 miAppleton Drive, Basingstoke, Hampshire, RG242
£1,30012/240.34 mi-2
£1,29503/250.39 mi-2
£1,35007/240.41 miWheeler Way, Basingstoke2
£1,30009/240.41 miWheeler Way, Basingstoke, RG242
£1,30007/240.41 miBanbury Way, Basingstoke2
£1,30007/240.44 miAppleton Drive, Basingstoke RG24 9RX2
£1,10007/240.46 miFaringdon Court, Marnel Park, Basingstoke, RG242
£1,50007/240.47 mi-2
£1,05009/240.51 miShetland Road, Basingstoke2
£1,30008/240.57 miScotney Road, Oakridge, Basingstoke, RG212

Local Area Statistics

Population in RG24

31,488

Population in Basingstoke

120,645

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £180,000

March 4, 2025

Listed for £200,000

February 7, 2025

Floor Plans

Description

*BEING SOLD WITH NO CHAIN*
A fantastic ground floor apartment consisting of two double bedrooms both with fitted wardrobes, family bathroom, ensuite and dual aspect living room with modern fitted kitchen, built in oven and gas hob. The property includes an allocated parking space and courtyard style garden.
Further benefits include gas central heating and double glazing throughout as well as use of a communal garden and bike storage shed.

Located north of Basingstoke Town Centre where there is a wide range of shopping and recreational facilities with bus station and mainline railway station which is well served with regular services to London Waterloo in approximately 47 minutes. The M3 motorway runs just south of Basingstoke with access to London and The South. Closer by there is a large supermarket, convenience store and good bus links around the town as well as the local and primary and secondary schools.

Agent Details

Gascoigne-Pees, Basingstoke

01256 678811

Next Steps?

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